NEW YORK--(BUSINESS WIRE)--Dec. 18, 2007--The New York Times
Company announced today that in November total Company revenues from
continuing operations rose 1.7% compared with the same month a year
ago. Advertising revenues decreased 0.2% and circulation revenues
increased 3.7%. The About Group again posted strong advertising growth
in the month, up 23.7%.
November's advertising results benefited from a shift in the
Company's fiscal calendar. In 2006 the fiscal month-end was November
26 while in 2007 it was December 2, adding an extra "holiday season"
week to the month. The New York Times Media Group's advertising
revenues also benefited from a shift in the timing of T: Holiday,
which was published in fiscal November this year compared with fiscal
December last year. T: Holiday's advertising pages were up 8% over
last year's publication and it was the first issue featured on the new
T Web site at NYTimes.com/magazine.
All comparisons are for November 2007 to November 2006 unless
otherwise noted:
News Media Group: Advertising revenues for the News Media Group
decreased 1.2% mainly because of weaker classified advertising.
Advertising revenues benefited from growth in national advertising,
which rose 8.2% and included gains in both print and online
advertising.
The New York Times Media Group - Advertising revenues for The New
York Times Media Group increased 3.0%. National advertising
revenues rose as growth in financial services, fashion jewelry and
hotel advertising offset weakness in the healthcare, advocacy and
education categories. Retail advertising revenues decreased mainly
due to softness in mass market, home furnishing store and direct
electronics advertising. Classified advertising revenues decreased
because of weakness in real estate, help-wanted and automotive
advertising.
New England Media Group - Advertising revenues for the New England
Media Group decreased 6.4%. National advertising revenues
decreased as weakness in pharmaceutical/packaged goods, network
TV/cable, telecommunications and travel advertising offset strong
growth in financial services advertising. Retail advertising
revenues decreased primarily due to weakness in the department
store, apparel/footwear and computer/office supplies categories.
Classified advertising revenues decreased because of softness in
real estate, help-wanted and automotive advertising.
Regional Media Group - Advertising revenues for the Regional Media
Group decreased 10.3%. Retail advertising revenues were down
mainly because of decreases in home furnishings, political and
department store advertising. Classified advertising revenues
decreased due to continued weakness in real estate, help-wanted
and automotive advertising.
Internet advertising revenues included in the News Media Group
rose 21.4% in November due to growth in display advertising.
Circulation revenues for the News Media Group increased 3.7% in
November. Revenues were up at The New York Times and Regional Media
Groups, and declined at the New England Media Group. In July 2007 The
New York Times raised its newsstand and home-delivery prices.
About Group - Advertising revenues at the About Group (which
includes the Web sites of About.com, ConsumerSearch.com,
UCompareHealthCare.com and Calorie-Count.com) rose 23.7%. November's
growth was principally due to increases in both display and
cost-per-click advertising. Display advertising increased primarily
because of strength in the Internet, financial services and
pharmaceutical categories. In addition, advertising revenues reflect
the acquisitions of ConsumerSearch.com in May 2007 and
UCompareHealthCare.com in March 2007. Excluding these acquisitions,
advertising revenues increased 12% in the month. This growth rate was
lower due to comparisons with two major advertising campaigns that ran
in November 2006.
In addition, The New York Times Company had the 10th largest
presence on the Web, with 49.6 million unique visitors in the United
States according to Nielsen Online, up approximately 14% from 43.6
million unique visitors in November 2006. Also according to Nielsen
Online, NYTimes.com had 18.9 million unique visitors in November and
was the No. 1 newspaper Web site in the United States, a position it
has long held. November's number of unique visitors was the highest
amount recorded since the Company began tracking this statistic using
Nielsen Online in 2002.
The New York Times Company (NYSE: NYT), a leading media company
with 2006 revenues of $3.3 billion, includes The New York Times, the
International Herald Tribune, The Boston Globe, 15 other daily
newspapers, WQXR-FM and more than 30 Web sites, including NYTimes.com,
Boston.com and About.com. The Company's core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.
THE NEW YORK TIMES COMPANY
2007 TOTAL COMPANY REVENUES (a)
($ 000's)
November Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
Advertising
Revenues
News Media
National $ 95,840 $ 88,568 +8.2 $ 864,025 $ 832,760 +3.8
Retail 47,176 49,480 -4.7 406,788 434,623 -6.4
Classified 31,252 38,819 -19.5 465,404 540,051 -13.8
Other Ad
Revenue 6,234 5,740 +8.6 58,779 58,854 -0.1
-------- -------- ------ ---------- ---------- ------
Total News
Media Group 180,502 182,606 -1.2 1,794,996 1,866,288 -3.8
About Group (b) 9,005 7,280 +23.7 88,016 67,879 +29.7
-------- -------- ------ ---------- ---------- ------
Total Ad Revenues
from Continuing
Operations 189,508 189,887 -0.2 1,883,013 1,934,166 -2.6
Circulation
Revenues 70,091 67,566 +3.7 821,760 806,806 +1.9
Other Revenues
(c) 23,600 21,012 +12.3 235,469 220,529 +6.8
-------- -------- ------ ---------- ---------- ------
Total Company
Revenues from
Continuing
Operations $283,199 $278,465 +1.7 $2,940,242 $2,961,501 -0.7
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (d) 0 15,880 N/A 46,702 143,614 N/A
(a) Numbers may not add due to rounding.
(b) Includes the Web sites of About.com, ConsumerSearch.com,
UCompareHealthCare.com and Calorie-Count.com.
(c) Primarily includes revenues from wholesale delivery operations,
news services/syndication, digital archives, TimesSelect (for periods
before October 2007), Baseline Studio Systems, rental income and
commercial printing.
(d) On May 7, 2007, the Company sold the Broadcast Media Group,
consisting of nine network-affiliated television stations, their
related Web sites and the digital operating center, for approximately
$575 million.
THE NEW YORK TIMES COMPANY
2007 ADVERTISING REVENUES (a)
($ 000's)
November Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
News Media Group
New York Times
Media Group $118,614 $115,193 +3.0 $1,120,857 $1,133,030 -1.1
New England
Media Group 33,702 35,993 -6.4 361,029 384,692 -6.2
Regional Media
Group 28,187 31,421 -10.3 313,110 348,566 -10.2
-------- -------- ------ ---------- ---------- ------
Total News Media
Group 180,502 182,606 -1.2 1,794,996 1,866,288 -3.8
About Group (b) 9,005 7,280 +23.7 88,016 67,879 +29.7
-------- -------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations $189,508 $189,887 -0.2 $1,883,013 $1,934,166 -2.6
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (c) 0 15,685 N/A 45,745 141,367 N/A
(a) Numbers may not add due to rounding.
(b) Includes the Web sites of About.com, ConsumerSearch.com,
UCompareHealthCare.com and Calorie-Count.com.
(c) On May 7, 2007, the Company sold the Broadcast Media Group,
consisting of nine network-affiliated television stations, their
related Web sites and the digital operating center, for approximately
$575 million.
THE NEW YORK TIMES COMPANY
2007 NEWS MEDIA AD REVENUE GROWTH
BY CLASSIFIED CATEGORY
% Change % Change
Nov. '07 YTD '07
vs. Nov. '06 vs. YTD '06
--------------------------------------------------
Help Wanted -24.9 -13.1
Real Estate -24.2 -19.0
Automotive -19.9 -17.4
Other +8.9 +10.0
--------------------------------------------------
Total -19.5 -13.8
THE NEW YORK TIMES COMPANY
2007 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
November Year to Date
----------------------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
------- ------- ------ --------- --------- ------
National 193.3 223.2 -13.4 2,017.6 2,126.5 -5.1
Retail 511.0 561.4 -9.0 5,291.3 5,719.2 -7.5
Classified 498.8 667.1 -25.2 7,296.5 8,764.2 -16.7
------- ------- ------ --------- --------- ------
Total ROP 1,203.2 1,451.7 -17.1 14,605.4 16,609.8 -12.1
------- ------- ------ --------- --------- ------
Part Run/ Zoned 146.5 156.0 -6.1 1,560.3 1,829.1 -14.7
------- ------- ------ --------- --------- ------
Total 1,349.7 1,607.8 -16.1 16,165.6 18,438.9 -12.3
======= ======= ====== ========= ========= ======
Preprints 301,774 300,324 +0.5 2,559,067 2,624,049 -2.5
(a) Advertising volume is based on preliminary internal data, which
may be updated in subsequent reports and may not be indicative of
advertising revenue or operating profit. Numbers may not add due to
rounding.
This press release can be downloaded from www.nytco.com.
CONTACT: The New York Times Company
Catherine J. Mathis, 212-556-1981
mathis@nytimes.com
or
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com
SOURCE: The New York Times Company
